Word: constructionism
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Last year China Construction Bank's net profit soared 10% to $11.9 billion. In the same period, Bank of America, which at the time owned some 19% of the Chinese lender, earned just $4 billion, down 73% from 2007. That's all you need to know to understand why Bank...
Whether China Construction Bank and its developing-world brethren are actually willing and able to increase their international presence is an unanswered question. But the numbers indicate their relative financial strength certainly offers them the option.
Christian Zimmerman, president of the construction company Pike Industries, said his company planned on laying off as many as 100 workers, or a little less than 10% of its staff, last fall. Instead, Pike, which makes gravel and paves roads, has hired 65 workers in the past three months, and...
When former University President Lawrence H. Summers formally announced his resignation in 2006, several of his most loyal alumni supporters voiced their displeasure at his ouster with the largely symbolic threat of withholding all future donations.James B. Davis ’75 called it a “disgrace.?...
Despite the union’s determination to address individual concerns, the leadership has “frustrated” some of the staffers in the past few months. When union leaders “[shouted] from the rooftops” that departments ought to cut their catering budgets, union...